JetBlue Airways’ (JBLU) Sell Rating Reiterated at UBS Group

UBS Group restated their sell rating on shares of JetBlue Airways (NASDAQ:JBLU) in a research note issued to investors on Tuesday, MarketBeat.com reports. UBS Group currently has a $5.00 price objective on the transportation company’s stock.

A number of other analysts have also commented on JBLU. Barclays boosted their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. TD Cowen increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Finally, Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, JetBlue Airways has an average rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $5.91 on Tuesday. The stock’s 50 day moving average price is $6.52 and its two-hundred day moving average price is $5.93. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -2.35 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways has a 52-week low of $4.10 and a 52-week high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned ($0.39) earnings per share. JetBlue Airways’s revenue was up .5% on a year-over-year basis. On average, equities analysts predict that JetBlue Airways will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. Bogart Wealth LLC boosted its stake in shares of JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways in the third quarter worth $28,000. Trust Co. of Vermont bought a new position in JetBlue Airways in the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of JetBlue Airways during the 2nd quarter valued at $34,000. Finally, GAMMA Investing LLC raised its stake in shares of JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after purchasing an additional 2,993 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.